cash on delivery


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cash on delivery

Commerce a service entailing cash payment to the carrier on delivery of merchandise
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

Cash on Delivery

 

an accounting method used by individuals and organizations to meet monetary obligations incurred in the maritime transport of goods and in postal shipments. The dispatcher who ships the goods authorizes the appropriate transport or communications enterprise to deliver such goods to the recipient upon receipt of payment from the recipient or upon verification that such payment has been made through a bank. In the USSR, cash on delivery is widely used by commercial organizations that sell books and other goods by mail.

The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.